Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 43,744 - -
Change - -13.23% 22.11% 11.34% 17.28% -11.01% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 52,556 51,654 51,156
Change - -11.06% 16.93% 5.53% 14% -8.74% -1.72% -0.97%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 18.2x 16.6x 15.5x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.46x 2.33x 2.21x
PEG - -0.7x -3.7x 0x -2.75x 0.6x 1.6x 2.28x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.55x 1.48x 1.43x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.86x 1.75x 1.67x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.6x 9.81x 9.25x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.7x 12.6x 11.8x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 21.3x 18.4x 17.3x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.7% 5.44% 5.78%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.353 2.497 2.667
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.46% 3.67% 3.92%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.726 4.102 4.38
Distribution rate 66% 135% 162% 68.7% 79.8% 63.1% 60.9% 60.9%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,192 29,484 30,600
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,975 5,268 5,528
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,848 4,102 4,331
Net income 1 1,924 959 881 2,021 1,825 2,358 2,594 2,769
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,812 7,910 7,411
Reference price 2 54.59 49.23 58.68 65.12 76.78 68.00 68.00 68.00
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.25x1.86x10.56x3.46% 50.51B
20.9x2.9x14.34x3.86% 259B
19.95x2.5x14.91x3.29% 79.9B
14.37x0.54x9.64x2.67% 37.39B
21.75x3.29x13.3x3.22% 36.08B
12.24x1.95x9.66x6.22% 30.51B
70.52x10.82x44.87x1.08% 30.85B
37.67x3.17x18.77x0.95% 32.31B
32.49x0.67x16.86x0.61% 21.02B
Average 27.57x 3.08x 16.99x 2.82% 64.19B
Weighted average by Cap. 23.72x 2.93x 15.45x 3.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield